3

14662 RAYEN ST Panorama City, CA 91402

$4,600,000

19

Bedrooms

22

Total Baths

Full Baths

14,300

Square Feet

0.53

Acres

1976

Year Built

Active

Status

MLS#

21-101189

Listed By Daniel Withers
Matthews Real Estate Investment Services

14662 Rayen St is a 22-unit apartment building located in Panorama City, CA. Built in 1976, the property sits on over a half-acre lot, and is comprised of (4) studios, (17) one-bedroom, one-bathroom units, and (1) two-bedroom, one-bathroom unit. Property is zoned R3 TOC Tier 3 and is in a qualified opportunity zone. The community features controlled gated entry, a large parking area for tenants and laundry rooms. This presents a great value-add opportunity for investors with 47% upside in rents for a new owner to capture. 14662 Rayen St is walking distance to Walmart Neighborhood Market, Valley Indoor Swap Meet and other shopping that line Nordhoff St and Van Nuys Blvd. The community is also conveniently situated in proximity to the 405 Freeway, the Kaiser Permanente Medical Center, and the LA Kings Valley Ice Center.

Details


Interior
Bathrooms Total
22
Bedrooms Total
19
Living Area
14,300 SqFt.

Building And Construction
Number Of Units Total
22
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1976

Exterior And Lot
Lot Size Acres
0.5324
Lot Size Square Feet
23191
Parking Total
27
Zoning
LAR3

Utilities
Cooling
Other
Heating
Other

Area And Schools
City
Panorama City
County Or Parish
Los Angeles

Additional Info
GrossOperatingIncome
283816
GrossRentMultiplier
15.85
PricePerSqFt
321.68

Listing Office Matthews Real Estate Investment Services, 866-889-0550

MLS# 21-101189

Updated 12:19PM - 1/24/2022

Listing Agent Daniel Withers, 818-923-6107

The multiple listings information is provided by The MLS/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2022 The MLS/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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91402 Statistics and Information

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